Excel Tool Helps Gauge ‘Financial Soundness of Investments in CNG’
The Vehicle and Infrastructure Cash-Flow Evaluation modeling tool has been updated, says DoE Clean Cities. VICE Model 2.0 allows fleets greater flexibility in determining payback periods for natural gas vehicles and fueling infrastructure.
The updated version is applicable to a wider variety of vehicles and can accommodate an incremental fueling station build out.
‘Simple Spreadsheet Inputs’
“Using simple spreadsheet inputs, the VICE Model helps fleets estimate the financial and emissions benefits they can expect to achieve by transitioning to CNG,” Clean Cities says.
Users put in their fleet-specific data, including number of vehicles, vehicle types, fuel use, and planned vehicle-acquisition schedules. The tool then provides numerical and graphical presentations of return on investment, payback period, and annual GHG savings.
To simplify the process, VICE contains default values for such parameters as vehicle prices, fuel prices, fuel taxes, and maintenance costs. Users can replace the default values with their own data to obtain more customized results.
Click here for links to VICE Model 2.0 and other tools for fleets on DoE’s Alternative Fuels Data Center website.
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Source: DoE Clean Cities with Fleets & Fuels follow-up